SEC Warns Fenway Partners of Possible Action

By

Ryan Dezember

Apr 3, 2015 1:10 pm ET

Fenway Partners LLC has been warned that U.S. securities regulators may take action against the New York private-equity firm over its disclosure of expenses, fees and other financial information, according to people familiar with the matter.

Fenway told pension funds and other of its investors in March that the Securities and Exchange Commission had sent it a so-called Wells notice, which the agency uses to alert people and firms that it may take action against them, such as bringing a civil suit, the people said.